Pioneer Power Solutions (Pioneer Power Solutions) Days Inventory : 87.45 (As of Sep. 2023)

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What is Pioneer Power Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pioneer Power Solutions's Average Total Inventories for the three months ended in Sep. 2023 was $8.37 Mil. Pioneer Power Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $8.73 Mil. Hence, Pioneer Power Solutions's Days Inventory for the three months ended in Sep. 2023 was 87.45.

The historical rank and industry rank for Pioneer Power Solutions's Days Inventory or its related term are showing as below:

PPSI' s Days Inventory Range Over the Past 10 Years
Min: 66.75 Med: 76.56 Max: 298.19
Current: 101.87

During the past 13 years, Pioneer Power Solutions's highest Days Inventory was 298.19. The lowest was 66.75. And the median was 76.56.

PPSI's Days Inventory is ranked better than
59.65% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs PPSI: 101.87

Pioneer Power Solutions's Days Inventory declined from Sep. 2022 (148.10) to Sep. 2023 (87.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pioneer Power Solutions's Inventory Turnover for the three months ended in Sep. 2023 was 1.04.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Pioneer Power Solutions's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.67.

Pioneer Power Solutions Days Inventory Historical Data

The historical data trend for Pioneer Power Solutions's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pioneer Power Solutions Days Inventory Chart

Pioneer Power Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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298.19

77.37

68.23

70.80

105.20

Pioneer Power Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															148.10	116.20	132.92	87.41	87.45

Competitive Comparison of Pioneer Power Solutions's Days Inventory

For the Electrical Equipment & Parts subindustry, Pioneer Power Solutions's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pioneer Power Solutions's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pioneer Power Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pioneer Power Solutions's Days Inventory falls into.

Pioneer Power Solutions Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Pioneer Power Solutions's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.16	+	8.748)	/	2 )	/	22.393	*	365
=	6.454					/	22.393	*	365
=	105.20

Pioneer Power Solutions's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.457	+	8.28)	/	2 )	/	8.732	*	365 / 4
=	8.3685					/	8.732	*	365 / 4
=	87.45

Pioneer Power Solutions (NAS:PPSI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Pioneer Power Solutions's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.732	/	8.3685
	=	1.04

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Pioneer Power Solutions's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.3685	/	12.443
	=	0.67

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Pioneer Power Solutions Days Inventory Related Terms

Thank you for viewing the detailed overview of Pioneer Power Solutions's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Power Solutions (Pioneer Power Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pioneer Power Solutions Inc (NAS:PPSI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Kelby Street, 12th Floor, One Parker Plaza, Fort Lee, NJ, USA, 07024

Website

https://www.pioneerpowersolutions.com

Pioneer Power Solutions Inc manufactures, sells, and services a broad range of specialty electrical transmission, distribution, and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. Its principal products and services include custom-engineered electrical transformers, switchgear and engine-generator sets and controls, complemented by a national field-service network to maintain and repair power generation assets. Pioneer Power works in two reportable segments: Transmission and Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power). Pioneer generates most of its revenue from the United States of America.

Executives

Nathan Mazurek	10 percent owner, officer: President, CEO, Chairman	C/O PIONEER POWER SOLUTIONS, INC., 400 KELBY STREET 9TH FLOOR, FORT LEE NJ 07024
Kytchener Stevenson Whyte	director	400 KELBY STREET, 12TH FLOOR, FORT LEE NJ 07024
Wojciech Michalec	officer: Interim CFO	400 KELBY STREET, 12TH FLOOR, FORT LEE NJ 07024
A. Lawrence Carroll Trust	10 percent owner	415 L'AMBIANCE DRIVE, APT. 804, LONGBOAT KEY FL 34228
David Tesler	director	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Jonathan Tulkoff	director	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Thomas Klink	director, officer: See Remarks	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Andrew Minkow	director, officer: CFO, Secretary and Treasurer	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Ian Ross	director	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Yossi Cohn	director	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
David J. Landes	director, 10 percent owner	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Provident Pioneer Partners, L.p.	10 percent owner	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024
Provident Canada Corp.	10 percent owner	400 KELBY STREET, 9TH FLOOR, FORT LEE NJ 07024